Mark Hulbert's research confirms that investing in turnaround plays is more profitable, though volatile (and hence risky for some), than normal investing.

Mish has a post linking to ex-CEO of Goldcorp, Robert McEwen's address at the Denver Gold Forum. Please listen to the address in full. It is an amazingly honest speech, making it unlikely he will be invited to speak anywhere in the future. We need more people like him.